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20110047G
<br />premiuins, if any, or any SUII15 payable by Borrower to Lender in lieu of the payment of Mortgage
<br />Insurance premiums in accordance with the provisions of Section 10. I"hese items are called "�;scrow
<br />Ttems. " At origination or at any time during the term of the Loan, Lender m��y require that Coi7ununity
<br />Association Dues, 1=�ees, a�ad Assessments, if any, be escrowed Uy f3orrowe� ant� such dues, fees and
<br />assessments shall be an I�'scrow ltem. 13orrowec shall promptly furnish to Lender all notices of amounts to
<br />be paid under this Section. �3orrower shall pay Lender the Funds for �;scrow ]iems unless Lender waives
<br />Borrower's obligation to pay the �'unds for any or al] Escrow ltems. Lend�?r may waive Borrower's
<br />obligation to pay to Lender Funds for any or all Escrow Items at any time. An� such waiver may only be
<br />in writing. In thc cvcnt of such waivcr, Borrowcr shall pay dircctly WhCIl �IIC� � hcrc ��ayablc, thc an�o�mts
<br />due fnr any Escrow Items f'or which paymcnt of' Funds has bcen waived hy Lcndcr and, if' Lender requires,
<br />shall furnish to Lendcr rcccipts cvidcncing such payrnent within such timc peri��d as Lcnder may rcquire.
<br />Borrowcr Of)jl�a[lOil CO ITI�i�{C SUCIl �)�iyIl1CI1[S �I1C� [O pYOV1CIC TCCCI�)(S Sflall fOt �iII �lll'�OSCS I)C C�CCITIL'C� [O
<br />be a covenant and agreement contained in this Security Instn�ment, as the phrase "covenant and agrecmcnt"
<br />is used in Section �. lf Borrower is otiligated to pay Escrow Items directly, pursuant to a waiver, and
<br />Borrower fails to pay the annount due for an Escrow Item, Lender may exercise its rights under Section �
<br />and pay such amoua�t azad Borrower shall then be obligated under Section 9 to repay to Lender any such
<br />amount. Lender may revoke the waiver as to any or all �scrow ltems at any time by a notice given in
<br />accordance with Sectiora 15 aa�d, upon sucla revocation, Borrower shall pay to Lender all I�'unds, and in
<br />such amounts, that are then required u�ider this Section 3.
<br />Lender may, at any time, collect and hold Funds in an amount (a) sufticient to permit Lender to apply
<br />the Funds at the time specified under ft�:SPA, and (b) not to exceed the n�axirl�um anaount a le►7der can
<br />require under RES�'A. I.,ender shall estimate the amount of Punds due on the basis of current data and
<br />re�tsonable estimates of expendi[ures of future EsCrOw itenns or otherwise in accordance wit.h Applicable
<br />Law.
<br />The Funds shall be hcld in an ins[itution whose deposits are insGired by a feder�.�l agency,
<br />insirumentality, or cntity (including Lender, if Lender is an institution whose deposits f�re Sp insured) or in
<br />any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow i�ems no I�.tter than the tiz�ie
<br />spccificd undcr RESPA. Lendcr shall not chargc Borrowcr for holding and a��plying thc P�uids, annually
<br />analy�ing the escrow account, or verii'ying the Escrow Items, unless Lender pays Qorrower interest c�n the
<br />Funds and Applicable Law permits Lender to make such a charge. Unlcss an agreement is niade in writing
<br />or Applicablc Law requires interest to be paid on the Funds, Lcnder shall not bc requircd to pay Borrower
<br />any interest or earnings on the Funds. Borrower and Lendcr can agree in writing, howcver, that interest
<br />shall be paid on the Funds. Lender shall give to Borrowcr, without charge, an armual accounting of thc
<br />l�unds as required by REST'A.
<br />If there is a surplus ot� I-'unds held in escrow, as defined tmder RESPA, Lender shal] account to
<br />Borrower for the excess funds in accordance with RESPA. If there is a shortage of' Funds hcld in escrow,
<br />as defined under RESPA, Lender shall notify Borrower as rcquired by RESPA, and Borrowcr shall J�ay to
<br />Lender the amount necessary to make up thc shortagc in accordance with RESPA, hut in no rriore than 12
<br />monthly payments. If there is a deticiency of Funds held in cscrow, as defined uiider RESPA, Lcnder shall
<br />notify Borrower as required by RESPA, and Borrower shall pay to Lcndcr the amnunt neccssary to make
<br />up the aeficiency i�i accordance with RF.SPA, but iz� no more than 12 monthly payments.
<br />[Jpon payment in full c>f all sums secured by this Security Instniment, Lender shall promptly refund
<br />to Borrower any Funds hcld hy Lendcr.
<br />4. Charges; LieYis. Borrower shall pay all taxes, assessn�ents, charges, �nes, and in�positio�as
<br />attributable to Che I'roperty which can att�in priority over this Security Instrun�ent, ]easehold payments or
<br />�round rents on the Property, if any, and Cornmunity Association Dues, Fees, and Assessa��eiats, if any. 'I'o
<br />the extent that these items are F,scrow Iten�s, Borrower shall pay them in the znan�ier provided in Section 3.
<br />NEBRASKA - 5inyle Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) �OS11) Paye 5 nf 1� i��t�ai5: Form 3028 1/�7
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